第四章测试1.
The SF/$ spot exchange rate is SF1.25/$ and the 180 day forward exchange rate is SF1.30/$. The forward premium (discount) is
A: the dollar is trading at an 8% premium to the Swiss franc for delivery in 180 days. B:the dollar is trading at a 4% discount to the Swiss franc for delivery in 180 days. C: the dollar is trading at a 4% premium to the Swiss franc for delivery in 180 days. D:the dollar is trading at an 8% discount to the Swiss franc for delivery in 180 days.
答案:A
2.
The structure of FX Market refers to
A:none of the above B:the basics of how to make small (micro-sized) currency trades. C:how macroeconomic variables such as GDP and inflation are determined. D: the basic mechanics of how a marketplace operates. 3.
If one has agreed to buy foreign exchange forward
A:you have a long position in the spot market. B: you have a short position in the forward contract. C:until the exchange rate moves, you haven't made money, so you're neither short nor long. D: you have a long position in the forward contract. 4.
The Bid price
A:is the price that a dealer stands ready to sell at. B: is the price that the dealer has just paid for something, his historical cost of the most recent trade. C:is the price that a dealer stands ready to pay. D:refers only to auctions like eBay, not over the counter transactions with dealers. 5.
Find the no-arbitrage cross exchange rate. The dollar-euro exchange rate is quoted as $1.60 = €1.00 and the dollar-pound exchange rate is quoted at $2.00 = £1.00.
A:€1.25/£1.00 B:€0.80/£1.00 C:£1.25/€1.00 D:$1.25/£1.00
温馨提示支付 ￥3.00 元后可查看付费内容,请先翻页预览!
